Winter Meetings Review: Day 3

After a pair of notable trades were agreed upon on Day 2 of this year's Winter Meetings, Day 3 featured a couple more trades and also saw a few free agents come off the board. Here's a recap of Wednesday's major headlines:

The Yankeesturned down an offer from the Reds that would have seen the teams swap Brandon Phillips for Brett Gardner. Had the talks become more serious, Phillips would have had to waive his no-trade clause, and may have asked for more money to do so.

There's a belief that Shin-Soo Choohas a seven-year offer in hand, though it's not clear whether it's from the Rangers or another team. Scott Boras confirmed that his client has received multiple offers, both from rebuilding teams and clubs planning to contend in 2014.

Although a report on Wednesday morning suggested Garza could sign within 48 hours, his agent appears to have left Orlando without an agreement in place. Besides the Twins, the Angels and Diamondbacks are among the teams involved.

Justin Mastersoncontinues to be involved in trade rumors, including one that named the Yankees as a potential suitor. However, Terry Francona says he called Masterson this week to tell him he's not going anywhere.